market readiness

2. Have You Conducted a Competitive Analysis?

A comprehensive competitive analysis is essential to understand the strengths and weaknesses of competitors. This analysis helps in identifying unique selling propositions (USPs) and potential gaps in the market that the new venture can exploit.

Frequently asked queries:

What is Market Readiness?
Why is Market Readiness Important?
1. Is There a Defined Target Market?
2. Have You Conducted a Competitive Analysis?
3. Is the Product/Service Viable?
4. Do You Have a Robust Marketing Strategy?
5. Are Operational Systems in Place?
6. What is the Financial Plan?
7. Are You Compliant with Regulations?
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